Steve Copan, the architect of the Market Matrix contacted me yesterday to tell he has a clearence sale of the remaining discs. If you are new to the Market Matrix, you can read about the program in the review below. He also told me that there will not be any further discount on the Matrix discs, and there will not be another print of the discs. The Matrix newsletter has been providing its subscribers with key levels and dates and have had a spectacular run. It is a true testament to the power of the Matrix method. The subscribrs were notified of the turn in the general indices in May, and of the big turn in the pound dollar in late June.
Steve also got an offer on the Delta Phenomenon book. This is the book that inspired the Market Matrix method in the first place. If you are brand new to trading, then it will be a good idea to start with the Delta book.
The offers are as follows:
The Market Matrix CDs: £1799 (including Delta book + postage) - normal price: £2350,-
If you just wish to buy the first part of the Matrix CDs, which contain the training module for Delta, you can do so. It is classified as the "official Delta training CD" from the International Delta Society. It gives you the grounding of what Delta is all about. It is about 2 hours in duration. It also gives new time cycles and the rules which were not even known at the time of the original publication of the Delta book, which Steve Copan discovered. It is very useful for anyone who want to understand what the Delta book is all about. It does however not discuss how to solve the Matrix solution.
The Delta Phenomenon book: £49.99 + postage (for UK only)
This is a superb book which describes the Delta journey, and the method itself. It is a very interesting read. The book normallly retails for $179.
The Matrix Story
The one question I get asked many times each day, either via phone calls or emails, or by people who meet me at the seminars I conduct is always “ where is the market going?”
This is the one question that everyone trading the markets is concerned with. It does not matter if you are trading stocks, bonds, currencies or commodities; you are still faced with this question. I am of course no different, and most of my time is spent analysing the markets using the tools that I find most reliable.
There is a huge debate raging between professional traders whether the markets can be predicted in advance. When you consider the art/science of Elliott Wave Analysis, you know that the whole idea behind this form of analysis is based around re-occurring patterns/wave structures and its aim is to predict in which direction the market is headed, and how long it will take to get there. As a matter of fact one of the axioms of Elliott Wave Analysis is that all waves of similar degree will relate in time and price amplitude.
I realised that Elliot Wave Analysis was not as precise as I would like it to be, so I started studying the Delta Phenomenon, which was originated by Jim Sloman and popularised by Welles Wilder. Delta was an incredibly interesting and powerful way of analysing the markets. It wasn’t always easy to get to grips with the individual rotations of the various instruments I was trading, but it was the best I had seen.
Then about 18 months ago I was told about a guy who also used Delta, but he had refined it into something, which you no longer could call Delta. Naturally I was curious and I tried to establish contact with the private trader. Over the course of the next few months I spoke to the gentleman sporadically. Every time we did speak, he would tell me where the Dow and the SP500 was headed and occasionally where some of the key currencies would go to. However, what made those conversations so enlightening to me was that I was also told when it would happen and quite often at what price level it would take place.
What made the sporadic conversations infuriating was that he was always right. It was infuriating because it sometimes went against my own calls, and he would always get it right.
As I was not able to “reverse engineer” his method I asked him to teach me. He told me that he wouldn’t mind teaching me the method that he called “The Market Matrix”, but he would not do it for free. He had put many years into the development of the Matrix and felt the fee I was to pay should reflect its worth and profit potential.
At the time I felt certain that the Market Matrix would work but I was not prepared to pay £35,000 out of my own pocket to learn how to use the Matrix. I therefore persuaded 9 other full-time traders to join me for a day of training.
The gentleman, Steve Copan, and the group met 9 months ago near his home in Bedford. We spent a Saturday together going over the Delta Theory and the use of the Market Matrix. It was an incredibly enlightening day, which shattered a few myths about the financial markets. Steve is a Delta director in the UK and has been trading currencies, stocks and indices using the Market Matrix for many years.
The Market Matrix method is surprisingly easy to understand and everyone attending the seminar felt that was truly a unique and powerful tool, and very profitable. About a week after the seminar and many phone calls from the attendees, it became clear to Steve that although he had been very specific in his training on the day, that invariably students on the day would forget things or omit certain aspects. Being taught for 12 hours intensively means that you would forget a few things.
Two other traders therefore suggested to Steve that he should put the entire seminar on a disc so anyone who ever wanted to learn the Market Matrix would have the benefit of reviewing the method over and over.
Steve thought this was a good idea and spent the next 4 months putting everything on 3 discs, which are now available for those interested in this method that is now called the Market Matrix. It is enjoyable to watch and easy to understand with chart after chart illustrating the method, and with the narrator explaining the method step by step. Watching the CDs makes me realise that I too had forgotten some of the smaller details and rules.
What is the Market Matrix?
The question for anyone who has read this far is of course: what is the Market Matrix and what can I hope to achieve in my trading and investing?
Steve Copan himself writes: “The Market Matrix is tool powerful enough to predict future stock market prices, currencies, interest rates and any other traded instrument in the world. It is based on advanced mathematics and has its foundations starting with the formation of the universe. These mathematical calculations can be used with incredible accuracy in the financial markets.”
If you ask me what the Market Matrix is, I would say that it takes the uncertainty out of Delta to provide the most accurate method for analysing the markets. The ambiguity of Delta is that turning points can be two or three days out, and at times can “invert”. Using the Market Matrix you are provided with a tool that will pinpoint the turns with extreme precision.
The Market Matrix is an awesome piece of work. The CDs were finished in the first days of November 2004. In the final CD Copan looks forward to the months ahead in the SP500, and he shows the viewer how he arrives at the 3rd of January 2005 as the high in the SP500 cash index at a price of 1118. It is a true testament to the value of the Market Matrix, and it is done 2 months ahead of the actual day.
The general theme of the 3 CDs is to teach the viewer how to calculate turning points in the market, whichever market that may be. It could be in stocks, commodities, currencies or indices. The method makes use of Welles Wilders Delta points as the foundation. The Market Matrix is however all about one thing and one thing only: TIME. It is designed to teach the user how you use time as the most important tool in your trading decisions. Calculating price targets actually comes second to time. This is not a new theme. Gann made the same assumption. I have lost count the amount of times Copan has said to me "Time is the most important tool".
The foundation that is used in the Matrix is Fibonacci numbers, extensions of Fibonacci, and ratios of Fibonacci. It is used in conjunction with Delta turning points and the aim of course is to pinpoint turns in the markets. The Matrix can be used for intra-day trading, swing trading and longer term position trading. In my experience the hardest bit to master is the intra-day trading, while trading over a couple of days is more straight forward.
The CDs goes through the USE of Delta very elaborately, the use of Elliott Wave in relation to Delta Phenomenon and The Market Matrix and the use of Fibonacci numbers. A lot of time is spent on teaching how the Delta points tie in with waves and Fibonacci counts/numbers. The last CD of the 3 CDs deals exclusively with time (and price as well) and the "how to " step-by-step.
There is a FREE user group available to those buy the Matrix disks. It is a discussion board where members can ask questions to each other and discuss points of views. Steve Copan posts on the discussion board as well from time to time.
It does not require a science degree to understand the concept, but it does require a good charting package such as E-signal or Dynamic Trader. I also require patience and practise. It requires you to take the time needed to analyse the market using the method, and above all it takes a profound interest in the market.
I have used this method on the shows I did for Bloomberg and CNBC. This enabled me to call the turn in the Dow last week on the 7th of March. It also enabled me to call the turn in the Pound against the US dollar on the Christmas show on Bloomberg when the £/$ was trading at $1.9450. I said a reversal was due and I expected it to be significant. 23 trading days later the US dollar was trading more than 900 points in my favour.
Generally the tool enables me to get in on the moves, as they are about to happen. More importantly it gives me confidence to get out of a position, which I sometimes find even harder. The Matrix clearly states target points and time points. I have found that aspect particular useful as in the past I have had a tendency to give away too much profits on my trailing stops.
The Market Matrix makes use of symmetry and sequence analysis. It shows how market highs and market lows are connected in any market into a sequence, which is ruled by a growth sequence which rules just about anything living. It also shows that by using the Market Matrix together with the Delta method (if you purchase the Market Matrix you will be given the Delta book as well) you can eliminate the error of margin of plus minus 2 days that we know Delta has.
One of the Delta Directors in the US who has used the Delta system for the last 20 years had this to say about the Market Matrix, after he had seen the 6 hours CD-Rom:
“ I have completed an initial review of all three volumes of the Market Matrix. Outstanding. I have traded commodities for more than 24 years and this puts it all together. The Delta Phenomenon is now the basis for the market’s movement however Steve Copen’s work with Fibonacci takes Delta to an ultimate level. I could hardly get through the first through the first listening, as the information is overwhelming. It takes a lot of work to setting everything up however I have no doubt it is well worth the effort” Jerry Baum – Delta Director
That pretty much sums up how I felt after the original seminar. The obvious question is how long will it take to master? I don’t know. I used a good week going over the material again and again after the original seminar before I felt comfortable with it. That was using my own notes. The beautiful think about the CD-Rom is that I can at least review the sections again and again, watching the charts on the screen and listening to explanations.
The next question is if this is for you? Again, I don’t know. Many people are trading the markets but they don’t want to pay for good education. I meet traders, who trade huge positions in the Dow and Nasdaq, but they get their prices off the Bloomberg or CNBC TV scrolling ticker, or they use some of the free chart packages on the web. If you belong to this category, then I would not bother reading any further. You need good equipment to make full use of the Matrix and Delta.
The Market Matrix is particular suited for those who like to trade the bigger swings in the markets and options traders. I use the Matrix for my currency trades, and I find it invaluable. The Matrix gets me on the 2-3 day swings. It gives me the confidence to put on trades when the time is most opportune. Over the last year I have used the method on indices, currencies, some US stocks that I trade, and the US T-bond market.
The Delta cycles will tell me that a turn is coming, and the Matrix will tell me when and often at what price. The Market Matrix in itself is a complete method and you don’t need a separate Delta book as the whole Delta method is explained precisely on the CD-Rom. However, Steve has found time frames and rules that the Delta Society does not know about. This is also included in the CD-ROM. I found this particularly useful for my intra-day trading.
The discs are narrated by Steve Copan and are filled with practical examples of its use. It comes with a complete step-by-step guide on how to calculate the turns in the future. It is a 6-hour CD-Rom, which takes you through the use of the Matrix in any market or stock, or commodity that you trade or invest in.
What do you get when you buy the Market Matrix set?
The Market Matrix ( 3 CD-ROMs )
The Delta Phenomenon book
Free membership for life of the Market Matrix discussion forum